Venture Capital/News/ Hoxton Ventures to add a new partner in April Payton Dobbs will join in April as founding partner Rob Kniaz prepares to depart after this fund By Amy Lewin 17 February 2023 Rob Kniaz, founding partner at Hoxton Ventures Rob Kniaz, founding partner at Hoxton Ventures \Venture Capital This group of 20 business school friends now have a fund in France By Selin Bucak 23 March 2023 Venture Capital/News/ Hoxton Ventures to add a new partner in April Payton Dobbs will join in April as founding partner Rob Kniaz prepares to depart after this fund By Amy Lewin 17 February 2023 Hoxton Ventures, one of Europe’s top early-stage VC firms, is undergoing a partnership shakeup. As reported by CNBC, the firm is set to lose one of its founding partners, Rob Kniaz. But it’s also, Sifted has learnt, bringing aboard a new partner, Payton Dobbs, in April — and is actively hiring for another new partner too. Since Kniaz and cofounder Hussein Kanji launched Hoxton in 2013, it’s established itself as one of Europe’s leading early-stage investors. It’s invested in three companies at seed stage that have since IPO’d — Deliveroo, Darktrace and Babylon, though Babylon and Deliveroo have seen their stock prices dive in the past year. Hoxton’s seed-stage investment in Deliveroo — which Kanji led — saw just above a 100x return. Its seed investment into Darktrace saw around a 40x return. Its third fund, of $215m, was launched last year. Around a quarter of the fund has been deployed. Who’s out, who’s in Kniaz plans to start a new firm focused on deeptech and techbio. For the foreseeable future though, he’ll maintain his 16 (!) board seats and board observer roles — which include Preply, Spacelift, FabricNano and Kheiron Medical. He tells Sifted he’s going to remain “fully involved with Hoxton and all his existing commitments through it”. That means he’ll lead deals from the third fund — and will continue to work from Hoxton’s London office. He’ll also use Hoxton’s back office services for his new fund, which he’ll likely raise when Hoxton comes to raise its next fund. In April, Dobbs — currently a UK general manager at Google, and an adviser to Hoxton since August last year — will join the firm as a new partner, along with Kanji and Charles Seely, who joined the firm as a partner in 2021. He’ll be more of an operational partner than a dealmaker, using his technical expertise to support existing portfolio companies, Sifted understands — although he could also lead deals. The additional partner that Hoxton is currently hiring for will focus on finding deals — and will, hopefully, be a woman. Amy Lewin is Sifted’s editor and cohost of Startup Europe — The Sifted Podcast, and writes Up Round, a weekly newsletter on VC. She tweets from @amyrlewin Related Articles Seaya closes oversubscribed €165m fund on the back of Wallbox success By Tim Smith Click here to read more The Scot who helped turn Peter Thiel-backed startup Xero into a €7bn business By Sam Shead Click here to read more 52 things Sifted learnt in 2020 By Connor Bilboe Click here to read more Intesa Sanpaolo raises its first VC fund of €250m to back European startups By Amy O'Brien Click here to read more Most Read 1 \Startup Life UK government to reform ‘equity for visas’ residency application system 2 \Fintech Is Revolut really worth $33bn right now? 3 \Startup Life Techstars unexpectedly pulls out of Sweden mid-programme 4 \Deeptech The other funding gap: it’s not just unicorns that are leaving Europe 5 \Deeptech ‘There’s going to be a bloodbath’ — is generative AI a bubble?